5 Benefits of E-statements

July 30, 2019

Are you wondering if you really need all those paper documents you keep, including your bank statements? Bank statements are important, but they’re available in electronic form. Reduce the amount of paper in your life by subscribing to e-statements for your Moya accounts. They’re available through online banking and have the same information, appearance, and frequency as paper statements. Here are the benefits of going electronic:

Save the planet: Giving up paper helps the environment.Did you know that a family of four can generate more than 100 sheets of paper and close to 50 envelopes per year if they all receive paper bank statements? Reduce your impact on the environment by going electronic. E-statements include all the information you’re used to seeing on paper, but nothing needs to go in the blue box or filing cabinet.

Save space: Electronic documents are easier to store.What do you do when you receive a document in the mail? There’s a good chance you put it in a pile to deal with later. And there it sits. Maybe you do go over your bank statements carefully, as you should. Then what? Does it go into a file? Is paperwork accumulating and threatening to fill your home? Do you even know where your old bank statements are? Storing e-statements is easy – you don’t have to do anything! They’re stored in your online banking page, where they can’t be lost, and you can save them to your computer or other device if you want.

Save time: Electronic documents are easier to access and organize.Sometimes you need to check the date and amount of a transaction you made months or even years ago. If you rely on paper records, you have to search through files, or piles, to find the statement you need. Even if your records are well organized, you may no longer have the statement you need. Electronic statements are kept virtually forever, neatly organized and easy to find, on Moya’s server. E-statements are named in a way that will help you organize them so you can quickly find what you need. You can also search for the document using the system search feature.

Reduce stress: E-statements provide easier control over your finances.The first step to being in control of your finances is having a good overview of your financial situation. Because it’s easier to access data in electronic form, it will also be easier for you to manage your financial situation and spending habits.

Stay safe: There’s less risk of information ending up in the wrong hands.Paper statements can go astray. Perhaps you forgot to tell the bank about an address change, maybe a statement was lost in the mail, or maybe you lost track of it in your car, at work, or at home. They can accidentally be left out where anyone can see them, exposing your personal information. When you let go of paper statements, you let go of these risks. We send e-statements by email to the address you specify, and you don’t have to print them, so it would be very difficult for someone to steal your private banking information. Just make sure we always have your current secure personal email address.

What’s not to like about e-statements? Contact Moya and make the switch today.